March 19, 2025

The Daily Bankruptcy News

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Law:

5th Circuit judge challenges BigLaw firms’ ‘institutional bias’ in opinion
(DBN)

Law Firm Removing Diversity Language But Breaks Trend By Being Upfront
(DBN)

Bannon Drops Bombshell: Trump Wants To Cripple Elite Law Firms
(DBN)

Trump's Big Law Fury Shows Additional Firms Are Target Risks
(DBN)

Pryor Cashman Welcomes Partner Joseph Shifer to Bankruptcy, Reorganization + Creditors’ Rights Group
(DBN)

In ‘extremely rare’ move, BigLaw firm acquires AI legal tech company
(DBN)

FSU College of Law launches new bankruptcy law clinic
(DBN)

AI Adoption Nearly Doubles Among Small Law Firms, According To Smokeball’s 2025 State Of Law Report
(DBN)

Get ready for the law school hunger games
(DBN)

What the Surge in Law School Applications Says About the Economy
(DBN)

Pack Your Parachute: Preparing For The Unknown As An In-House Lawyer
(DBN)

DOJ's National Security Division pulls all-nighter to prep release of JFK files
(DBN)

A big trial in a small North Dakota courtroom is testing the First Amendment in the era of Trump
(DBN)

The arrest of pro-Palestinian activist Mahmoud Khalil is just the start of Trump’s crackdown on free speech and ideas
(DBN)

South Carolina attorney general says 14th Amendment ‘misinterpreted’
(DBN)

Feds Indict ‘47 Ronin’ Director Who Allegedly Scammed Netflix Out Of Millions For Never-Made TV Series
(DBN)

Trump administration likely overstepped authority in immigration crackdown, experts say Some Americans Have Already Been Caught in Trump’s Immigration Dragnet. More Will Be. The ugly history behind the obscure law Trump is using for mass deportations ICE detains grandmother who hid in churches during first Trump administration US immigration flights set off terrified international searches for missing loved ones ‘Definitely Unprecedented’: NBC News Reporter on Trump Sending Migrants to El Salvador Prisons ‘Without Due Process’
(DBN)

Washington D.C.'s top prosecutor announces election fraud probe, though authority unclear
(DBN)

'Segregated facilities' are no longer explicitly banned in federal contracts
(DBN)

Texas Man Spent Nearly Two Decades in Jail Without Trial Before Getting Murder Charges Dismissed
(DBN)

Murder Mystery Solved With Breakthrough After 46 Years
(DBN)

13-year-old charged with murder for killing bicyclist after video captured incident: Cops
(DBN)

Pennsylvania Police Searching for Man Targeting Donald Trump Supporters
(DBN)

'I'm going to kill you': Man shot ex-wife in leg then attempted to frame her, police say
(DBN)

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Judges:

Trump Calls for Judge in Deportations Case to Be Impeached Donald Trump Wants To Impeach Judge Who Dared To Explain Basic Con Law Judge Boasberg's Deportation Ruling Makes Him Top Trump Target
(DBN)

Judge finds Elon Musk and DOGE's shutdown of USAID likely unconstitutional Judge says DOGE shuttering of USAID 'likely violated the Constitution in multiple ways' Judge Finds Musk’s Role in Dismantling Aid Agency Likely Violated Constitution Elon Musk and DOGE efforts to close USAID likely unconstitutional, agency must be restored, judge rules
(DBN)

Chief justice says impeaching judges "not an appropriate response" to disagreement, rebuking Trump Roberts Leaves His Comfort Zone to Rebuke Trump Impeachment Call Roberts Pushes Back on Trump’s Judicial Impeachment Calls Supreme Court Justice John Roberts Faces MAGA Backlash Over Trump Statement Sanders: Roberts knows ‘the danger of a president’ who doesn’t ‘respect the Constitution’
(DBN)

Republicans Move to Impeach Judge After John Roberts' Rebuke of Trump
(DBN)

GOP lawmakers conflicted over Trump’s clash with judiciary
(DBN)

How Congress could — but probably won't — impeach a federal judge
(DBN)

A fateful moment looms as Trump’s team seeks to bypass the judiciary
(DBN)

The Trump Administration Won’t Stop Giving a Middle Finger to Judges
(DBN)

Judge in Alien Enemies Act case chides DOJ lawyer over refusal to answer key questions about deportations
(DBN)

DOJ refuses to answer some questions about the Alien Enemies Act deportations
(DBN)

Trump Admin Unveils New Legal Standard: ‘We Have No Proof, Which Actually Proves Our Case’
(DBN)

Courts Defer to Executive Branch Factual Claims. Trump Complicates That.
(DBN)

Bondi on continued deportation flights despite judge’s order: ‘Absolutely’
(DBN)

What Trump Means by ‘Impartial Justice’ The Ultimate Trump Story
(DBN)

Judge blocks trans military ban
(DBN)

Judge Orders Education Grants Restored
(DBN)

Donald Trump Suffers Multiple Legal Blows in 24 Hours
(DBN)

The alarmingly high stakes in an easy Supreme Court voting rights case
(DBN)

Musk, Soros help push spending in Wisconsin Supreme Court election toward $100 million
(DBN)

New York judge plans to retire after facing allegations of misconduct
(DBN)

Judiciary Official Warns Federal Layoffs Could Impact Courts
(DBN)

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Wall Street:

Futures edge higher as investors await Fed decision
(DBN)

U.S. stocks fall after two-day rally as Fed begins policy meeting
(DBN)

"Bull crash" drives biggest ever drop in US equity allocation - BofA
(DBN)

Corporate Insiders’ Buying Burst Gives Confidence to S&P Bulls
(DBN)

Investors are fleeing U.S. stocks as tariff risks loom
(DBN)

______________

Layoffs:

Rehired probationary workers can’t be placed on administrative leave, judge says Trump administration moves to reinstate 24,000 federal workers after judge’s order
(DBN)

Trump Admin Moves To Fire Hundreds Of Government Scientists
(DBN)

Court records show how many federal workers were fired and rehired at 18 agencies
(DBN)

Trump Agencies’ Plan for Fired Workers Faces Judicial Pushback
(DBN)

Siemens to Cut 6,000 Jobs
(DBN)

Morgan Stanley to lay off about 2,000 employees to trim costs, source says
(DBN)

Calif. toy giant lays off 120 staff after CEO touts business strength
(DBN)

Novartis plans 400+ more layoffs
(DBN)

Pyxis lays off 20% of staff
(DBN)

Smart & Final Laying Off More Than 200
(DBN)

Fresno distributor laying off 117 from manufacturing division
(DBN)

Hundreds of employees to be laid off at Pa. plant
(DBN)

This is how many Social Security workers have taken buyouts — so far
(DBN)

Job cuts are forcing the IRS to cancel several large audits, which could result in tens of billions in lost revenue for the government
(DBN)

Employment for computer programmers in the U.S. has plummeted to its lowest level since 1980—years before the internet existed
(DBN)

Federal Housing Agency Braces for Deep Job Cuts
(DBN)

Santander says 750 jobs at risk as it pursues UK branch closures
(DBN)

Pentagon is cutting up to 60,000 civilian jobs. About a third of those took voluntary resignations
(DBN)

US companies announce layoffs to cut costs
(DBN)

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Healthcare:

California hospital reopens after 2-year closure
(DBN)

Prospect's handling of Waterbury Hospital an 'abomination,' CT senator says
(DBN)

Work requirements could strip 5 million people of Medicaid: Report ‘We have to tell our story’: How hospitals are fighting to protect Medicaid
(DBN)

US reports first outbreak of deadly H7N9 bird flu since 2017
(DBN)

Kennedy’s Alarming Prescription for Bird Flu on Poultry Farms
(DBN)

People are flocking out-of-state for abortion care. Clinics are fighting to keep up.
(DBN)

A mother, her preteen and why they drive across states for medical care
(DBN)

HHS removes surgeon general’s gun violence advisory from its website
(DBN)

Texas measles outbreak grows to 279 cases, approaching nationwide total for 2024
(DBN)

Gates warns White House he can't fill shortfalls in US global health funding
(DBN)

Trump Administration Weighing Major Cuts to Funding for Domestic HIV Prevention
(DBN)

____________

Tech:

AI search engines are confidently wrong more than half the time when they cite sources, study finds
(DBN)

Google DeepMind CEO says that humans have just over 5 years before AI will outsmart them
(DBN)

US appeals court rejects copyrights for AI-generated art lacking 'human' creator
(DBN)

AI is turbocharging organized crime, E.U. police agency warns
(DBN)

All-Robot Assault Opens New Chapter in Front-Line Warfare
(DBN)

____________

Fishing:

DOGE Cuts Hit American Fishermen Hard: 'I'm Scrambling'
(DBN)

____________


Economy:

Fed likely to pause rate cuts with clouds gathering over the economy
(DBN)

Fed Day Takes on New Meaning in Stock Market Transfixed by Trump
(DBN)

With interest rates on hold, Fed's economic projections take center stage
(DBN)

US political brinkmanship undermines Treasuries' safe-haven status
(DBN)

Bond investors brace for US slowdown, shed risk as Fed seen on hold
(DBN)

Tighter credit, slower spending by better-off households may further cloud Fed outlook
(DBN)

Fed watchers see good chance of change in balance sheet drawdown
(DBN)

5 questions facing the Fed ahead of its rate decision
(DBN)

Why the Fed faces a dilemma when it comes to interest rate decisions
(DBN)

The Fed's fat-tailed dilemma
(DBN)

US homebuilding, manufacturing surge; tariffs cast pall over recovery
(DBN)

Bessent Sees No Reason for Recession, Economic Data ‘Healthy’
(DBN)

Krugman: The Stages of Trumpist Economic Grief
(DBN)

Chips and cookies have gotten too expensive. Shoppers are buying less
(DBN)

US Industrial Output Rises on Jump in Vehicle Production
(DBN)

Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
(DBN)

The Trump-Tariff Advice: Eat Less Rand Paul's Bid to Stop Trump Tariffs Tariffs won’t make America great again: Export-Import Bank’s former chairman and president US Business Leaders React To Trump's New Steel And Aluminum Tariffs Trump to give countries a tariff number: Some low; some 'quite high.' 'Could be a shocker': Markets might not yet be grasping what Trump may do April 2 on reciprocal tariffs Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says US will be hit by 'high tariffs' from other countries, China's Global Times warns US says ready to confer with China, Canada on WTO disputes Italy’s Meloni calls for ‘pragmatism’ on tariffs, supports Trump’s ceasefire efforts for Ukraine Tariff Threats Spur TSMC’s Taiwan Peers to Seek US Expansion EU Seeks To Protect Europe Aluminum Sector Amid Trump Tariffs BOJ warns of Trump tariff risks Oil Titans Uneasy Over Tariffs and Crude Prices Meet With Trump India Follows Trump to Fight Global Steel Glut With Tariffs
(DBN)

This is why Canada has plenty of eggs — and the U.S. doesn't America's Desperate Scramble for Eggs Egg Prices Plummet to Nearly Five-Month Low
(DBN)

Beef Prices in US Near Record Highs
(DBN)

US Births Fell in 2023 to Lowest Level in More Than 40 Years More older women becoming first-time moms amid U.S. fertility rate declines
(DBN)

Social Security ‘Clawback’ Change Could Bankrupt Seniors
(DBN)

Social Security Will Require Identity Checks in Fraud Crackdown
(DBN)

Gen Z To Become Richest Generation By 2035: Report
(DBN)

US Debt Clock
(DBN)

World Debt Clock
(DBN)

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Real Estate:

New US Home Construction Rebounds After Storm-Ridden Month
(DBN)

Housing Starts Increased to 1.501 million Annual Rate in February; Length of Time from Start to Completion Declined in 2024
(DBN)

Fannie Mae and Freddie Mac Are Shaken Up by Their Regulator
(DBN)

Who Wants to Live in the Palisades Now?
(DBN)

A Boston parking spot that sold for $500,000 two years ago is back on the market—for $750,000
(DBN)

A victim of potential housing department cuts: domestic violence survivors who need homes
(DBN)

Home builders are expected to slow down. That’s bad news for America’s massive housing shortage.
(DBN)

The End of the South Florida Dream
(DBN)

____________

Oil/Gas:

Gas Prices Are Plummeting Under Donald Trump
(DBN)

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Education:

Riverside Military Academy, Georgia, defaults
(DBN)

Federal cuts push higher ed finances from bad to worse
(DBN)

Idaho school district says policy directs removal of 'everyone is welcome' sign from classroom
(DBN)

Mahmoud Khalil Speaks Out From Detention
(DBN)

____________

Politics:

Recession Fears and Elon Musk Batter Trump’s Approval Rating Trump's Approval Rating Plunges With America's Most Accurate Pollster
(DBN)

Here's how members of Congress actually get rich
(DBN)

Democrats’ Internal Battle Isn’t Over Ideology, but How Hard to Fight Trump
(DBN)

The Political Fight of the Century
(DBN)

There are too many similarities between Trump and Nixon to ignore
(DBN)

Trump ‘disappointed,’ vows to ‘fix’ Kennedy Center after first tour
(DBN)

DOGE staff entered the U.S. Institute of Peace with D.C. police help ‘Illegal takeover’: DOGE raid of independent US Institute of Peace is ‘unconstitutional’ overstep by Trump administration, officials and lawmakers say
(DBN)

Fear, chaos and missing paperwork: DOGE stories from federal workers
(DBN)

Elon Musk discovers ‘magic money computers,’ or how the U.S. financial system actually works
(DBN)

Targeting the IRS Shows DOGE's Stated Purpose Is Just a Pretext
(DBN)

'Always wrong': NYT reporter takes wrecking ball to DOGE's 'wall of receipts'
(DBN)

Minnesota bill labels Trump derangement syndrome as mental illness
(DBN)

Pentagon quietly restores web page on Black Medal of Honor recipient after Backlash over ‘DEI’ label
(DBN)

Jackie Robinson's Army History Deleted by Pentagon
(DBN)

Schumer in toughest fight of Senate leadership career Chuck Schumer Isn’t Jewish Like the Pope Isn’t Catholic
(DBN)

Hunter Biden whistleblowers promoted at IRS
(DBN)

This is why Kamala Harris really lost
(DBN)

Trump’s plan to take control of the Panama Canal meets resistance. Investors are spooked
(DBN)

China sends delegation to Panama after ports deal, belt and road exit
(DBN)

Minnesota senator arrested, accused of soliciting minor
(DBN)

Trump's JFK File Release Same as Biden's In 2023?
(DBN)

Trump fires both Democratic commissioners at FTC
(DBN)

Commerce Department Director Leaves Job With a Scathing Musk Warning
(DBN)

Jan. 6 Defendant Wants Marco Rubio's Senate Seat: 'Taking Over the Capitol'
(DBN)

Voters boo Nebraska Republican over Musk, Ukraine, Trump tariffs
(DBN)

____________

Student Debt:

From $500 to $5000: millennials are watching their monthly student loan payments skyrocket under Trump and panicking on TikTok
(DBN)

____________

Corporate Governance:

Cybersecurity and the Duty of Oversight
(DBN)

____________

Retailing:

Forever 21’s Brief, Hideous Life Bankrupt Forever 21 Closes Stores in Mimic of Online Rivals Forever 21 Will Be Forever in Our Hearts At Forever 21, the Adrenaline Rush Was the Point Forever 21 files for Chapter 11 bankruptcy, will keep US stores open for now All Forever 21 stores to be closed by May 1 following closing sales, operator says
(DBN)

Scammers exploit JOANN Fabrics bankruptcy with fake websites offering steep discounts
(DBN)

____________

Personal Finance:

Choppy Trump policies, stocks drop has some rethinking retirement plans
(DBN)

____________

Utilities:

Edison’s Power Lines Were Under Strain 14 Hours Before Eaton Fire
(DBN)

Utilities are shutting off power to a growing number of households
(DBN)

Big Tech’s data center boom poses new risk to US grid operators
(DBN)

____________

Trucking:

Yellow's New Bankruptcy Proposal Hangs $550 Million in the Balance
(DBN)

____________

Biotech:

Danimer Scientific Files for Bankruptcy
(DBN)

____________

Hedge Funds:

Court rules George Weiss personally liable for hedge fund’s collapse-era debts; bankruptcy backdrop reveals high spending and missteps.
(DBN)

____________

Solar:

Sunnova Creditors Form Unified Front Ahead of Debt Talks
(DBN)

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New Bankruptcy Opinions
(8 new opinions today - DBN)

Bankruptcy Court Web/Pacer Site Directory

Recent Ch. 11 Filings (25 new filings today)
(DBN)

Recent Ch. 11 Adversary Proceeding Filings (39 new filings today)
(DBN)

Chapter 11 Bankruptcy Case Studies
(DBN)

Mass Torts:

Purdue Pharma files new bankruptcy plan for $7.4 billion opioid settlement Purdue Pharma Files New Chapter 11 Plan in Bankruptcy Case Purdue Pharma Outlines Opioid Suit Settlement Plan That Includes Up To $7 Billion From Sackler Family Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers
(DBN)

Legal Challenges Emerge as Courts Navigate Growing Food Addiction Claims
(DBN)

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Bankruptcy Crimes:

73-year-old Hayward man convicted for bankruptcy fraud
(DBN)

Wisconsin man convicted of bankruptcy fraud & contempt of court, had several million dollars in cashier’s checks
(DBN)

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Mootness:

Equitable Mootness Rejected & A Confirmed Plan Provision Excised (In re Serta)
(DBN)

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D&O:

D&O Policy Coverage: Specificity Matters in Bankruptcy Context
(DBN)

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Aviation:

120 passengers endured an 8-hour flight to nowhere after high winds prevented 2 attempts at landing
(DBN)

Delta Plane's Wing Strikes Runway as Landing Goes Wrong
(DBN)

Man allegedly bit another passenger and assaulted others on plane landing at LAX
(DBN)

Boeing Starliner astronauts complete return to Earth in SpaceX capsule after extended stay on ISS
(DBN)

Who is Messing with Airliners' GPS Systems?
(DBN)

____________

Climate:

EPA considers eliminating its science arm
(DBN)

U.S. Judge Deals Major Blow to EPA's Efforts to Cut Climate Grants Amid Controversy
(DBN)

Climate Target Watchdog Keeps 1.5C Goal as Global Support Wavers
(DBN)

1st glacier declared dead from climate change seen in before and after images — Earth from space
(DBN)

____________

Food/Beverage:

Fan favorite restaurant closes after 26 years as chain confirms plans to shut 150 ‘low performing’ locations by 2025
(DBN)

On the Border closing more than 70 restaurants after filing for bankruptcy
(DBN)

RFK Jr.’s Next Targets Are Companies Making Baby Formula
(DBN)

After being inspired by RFK Jr, an unlikely US state is set to implement biggest crackdown on junk food in history | Daily Mail Online
(DBN)

____________

Entertainment:

‘Matrix’ co-producer Village Roadshow 'open to all bids' after bankruptcy Village Roadshow Files For Bankruptcy Amid Arbitration Battle With Warner Bros Over The Matrix Resurrections Village Roadshow Australia “Not Impacted” By US Bankruptcy Filing
(DBN)

____________

Autos:

This Is How Tesla Will Die Tesla removed as participant in 2025 Vancouver International Auto Show Tesla Model Y Posts Huge US EV Market Share Teslas set on fire with Molotov cocktails and shot with gun in Las Vegas attack Tesla Is Dying, And Polestar Wants To Kill It Tesla Stock Slides Another 5% As More Firms Warn Of Musk-Led Company’s ‘Sales Woes’ Elon Musk Shocked by Hatred Against Him, Tesla
(DBN)

Rivian CEO RJ Scaringe on steering through the mess
(DBN)

Automakers scramble for options in negotiations with Trump as tariff deadline nears
(DBN)

____________

Agribusiness:

Farmers now warn Trump plans risk tanking 'entire rural economy'
(DBN)

With Domestic Beer Drinking Declining, Barley Farmers Now Fear Tariffs
(DBN)

Agriculture secretary says US farmers and ranchers were 'on the brink of bankruptcy'
(DBN)

____________

Tourism:

Foreign tourism into the U.S. is suddenly reversing and is now expected to drop, due in part to ‘polarizing Trump administration policies and rhetoric’
(DBN)

Las Vegas in January: Visitor Traffic Down 1.1% YoY; Convention Traffic Up YoY
(DBN)

____________

Sovereigns:

UNDP Calls for Debt Relief For Indebted and Creditor Economies
(DBN)

Argentina, lead creditors settle 14-year debt battle for $4.65 billion
(DBN)

____________

UK:

Compulsory liquidations in England and Wales hit decade-long high
(DBN)

Katie Price 'so happy' as she is discharged from both her bankruptcies after owing £750,000
(DBN)

Top jockey Frankie Dettori says he will file for bankruptcy
(DBN)

Thames Water hopes to agree takeover by end of June as it mulls six approaches
(DBN)

UK’s Southern Water Asks Some Creditors to Write Off Risky Debt
(DBN)

UK targets $6.5 billion in welfare and disability cuts
(DBN)

Bank of England expected to keep rates on hold amid headwinds it can’t fully predict or control
(DBN)

____________

EU:

Europe is going full 1790s America
(DBN)

____________

Canada:

Hudson’s Bay landlord RioCan calls CCAA filing ‘disappointing’, makes plans for any vacated space
(DBN)

'What the hell are we doing here?' Inside Canada's shockingly violent hospitals
(DBN)

____________

Russia:

Trump humiliated as Putin keeps US President 'waiting over an hour' Putin keeps Trump waiting, didn’t leave event until one hour after crunch call was set to begin Trump speaks with Putin on Ukraine ceasefire proposal Trump suggests Ukraine’s largest nuclear plant is on the line in talks with Putin. Russia rejects full cease-fire, but agrees to stop attacks on energy and ‘infrastructure’ in Trump call Putin bombs energy plants hours after telling Trump he would halt attacks 5 takeaways from Trump-Putin call on Ukraine ceasefire Putin Agrees to Limited Ceasefire, Breaks Promise Hours Later EU Leaders Warn Putin's Talk of Peace a Mirage White House and Kremlin Readouts of Trump-Putin Call, Compared Trump fails to get Putin to stop the shooting Trump has been played badly by Putin – the only concession he got is a key sign Putin Agrees for the First Time to Limited Cease-Fire, as Long as Ukraine Does Too Trump Says Agreed With Putin To Work For Full Ukraine Truce Putin Told Trump Ukraine Must Not Rearm As Condition For Truce: Kremlin Zelensky To Helsinki Wednesday To Discuss 'Steps To End' War
(DBN)

US suspends some efforts to counter Russian sabotage as Trump moves closer to Putin
(DBN)

Putin urges officials not to freeze Russian economy in 'cryotherapy chamber'
(DBN)

Putin's Gas Cash Cow Goes $12 Billion Underwater
(DBN)

Trump Says US Doesn’t Want Russia, China Moving Closer Together
(DBN)

Northern Europe pushes EU to speed up Ukraine membership
(DBN)

UK and EU Advance Talks on Seizing Frozen Russian Assets
(DBN)

Most Americans Disagree With Donald Trump on Ukraine
(DBN)

Russia’s fallen giant Gazprom selling off luxury properties as group swings to reported $12.9 billion loss
(DBN)

Trump terminates program tracking mass abductions of Ukrainian children
(DBN)

Scholz, Macron Vow To Continue Military Support To Ukraine
(DBN)

US Ending Legal Initiatives Targeting War Crimes in Ukraine
(DBN)

____________

MENA:

Israel Strikes in Gaza Widen Attacks on Iran’s Militant Allies Netanyahu Warns Hamas Israeli Strikes On Gaza 'Only The Beginning' Israel Says Return To Fighting In Gaza 'Fully Coordinated With Washington' Israeli Army Urges Gaza Residents To Evacuate Areas Near Border 80 strikes in 10 minutes: How Israel’s overnight Gaza operation unfolded
(DBN)

Israel's shekel and bonds slide as Gaza ceasefire buckles
(DBN)

Air raid sirens sound across Negev as IDF intercepts missile from Yemen
(DBN)

US strikes Houthi strongholds in Yemen where leaders are hiding, Yemeni sources say
(DBN)

____________

France:

Police evict hundreds of migrants squatting in Paris theatre for months
(DBN)

____________

Germany:

How to cut back social welfare bureaucracy
(DBN)

____________

China:

Property developer Sunac China warns of wider loss for 2024
(DBN)

China is tackling weak consumption with child care subsidies
(DBN)

____________

Australia:

Tallest tower creditors vote for ‘s--- sandwich’ proposal
(DBN)

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